Summit Power International awards 15 - year contract to PSA Marine for support vessel services for an LNG terminal in Bangladesh
Summit Power International Pte. Ltd. (“SPI”) , Singapore , has announced that its subsidiary, Summit LNG Terminal Co. (Pvt) Limited has awarded a 15 - year contract to PSA Marine Bangladesh Pte . Ltd., a subsidiary of PSA Marine (Pte) Ltd (“PSA Marine”). Under the contract , PSA Marine Bangladesh will provide berthing, mooring, pilot and personnel transfer services to LNG ships calling at Summit LNG FSRU terminal, with its three escort tugboats, one fast crew boat and one offshore supply vessel.
The award of this contract marks a significant milestone for PSA Marine and commencement of a long - term partnership with SPI. Together with Summit LNG, PSA Marine Bangladesh targets to commence operations in early 2019.
In 2017, Summit LNG has received a concession from Petrobangla, Bangladesh’s state - owned company, to develop a floating LNG terminal facility comprising of a storage and regasification unit connected to shore by a six - kilometre subsea pipeline, on a build, own, operate, transfer basis in Moheskhali, Cox’s Bazar to supply approximately 500 million cubic feet per day of natural gas to the national grid. This project is part of SPI’s USD 1 billion investment programme to deliver 1,000 MW of power and gas in Bangladesh.
About PSA Marine
PSA Marine, a wholly - owned subsidiary of PSA International Pte Ltd, is a leading harbour and terminal towage operator, and pilotage services provider. PSA Marine owns and operates more than 60 tugs in China, Hong Kong, India, Oman and Southeast Asia with flagship operations in Singapore.
About Summit Power International
Incorporated in Singapore, Summit Power International is a leading developer, owner and operator of high - quality power projects in Bangladesh. Having established Bangladesh’s first independent power plant in 1998, SPI is the largest Independent Power Producer in the country, representing approximately 21% of the private power market.